Walnut Land LP: $174,900

Features:	VH
	Hills View
Description:	Flat, Gentle Sloping Vacant Lot. Price Includes Approved Building Plans For A Stunning Architectural Residence Of 1,653 Sq Ft, With 3Br, 3Bths (Inc. Two Master Suites), And A Huge 825 Sq Ft Two Car Tandem Garage And Workshop/Utility Room. Wrap Around Decks To Enjoy The View. Excellent Walnut School District. Utilities In The Street. Build Your Dream Home And Select Your Own Custom Finishes

Real estate rates end night lower

30-year fixed rate at 6.08%; 10-year Treasury yield at 4.51%

Long-term mortgage interest rates came down Tuesday, and the benchmark 10-year Treasury bond yield dipped to 4.51 percent.
The 30-year fixed-rate average sank to 6.08 percent, and the 15-year fixed rate fell to 5.76 percent. The 1-year adjustable, however, inched up to 6 percent.
The 30-year Treasury bond yield was down to 4.84 percent.
Rates and bonds are current as of 7:15 p.m. Eastern Standard Time.
Mortgage rate figures are according to Bankrate.com, which publishes nightly averages based on its survey of 4,000 banks in 50 states. Points on these mortgages range from zero to 3.5.
In other economic news, the Dow Jones Industrial Average tumbled 280.28 points, or 2.1 percent, finishing at 13,041.85. The Nasdaq fell 60.61 points, or 2.37 percent, closing at 2,500.64.

Stock figures are current as of 7:30 p.m. Eastern Standard Time.

Low appraisals kill sales in today's Real Estate market 2

How to keep the transaction together when the Real Estate Property appraisal comes in low.
An appraisal is a snapshot of the value at a given moment --
an opinion based upon objective data. The data is open to
interpretation, however. Who's to say which appraiser's value is more
accurate? Even more importantly, is the appraiser's value more
accurate than the amount that a qualified buyer elected to offer?

The crux of the issue is estimating the value for various
improvements. For example, two properties may have exactly the same
floor plan and virtually identical amenities. One has a pool and no
view and the other has a view but no pool. How much does the pool or
the view add to the property? If the appraiser has no comparable sales
with a view or a pool to work from, he or she will have to guess the
value of those amenities. This is just one example of how appraisals
can differ substantially based upon the fact that the appraiser has to
estimate those values. This is also the same challenge that online
valuation models encounter.

One of the best strategies to circumvent getting a low appraisal is to
make sure that either the listing agent or the buyer's agent provides
the appraiser with the most complete set of comparable sales
available. Many times the appraiser is relying on closed sales data
and may not include properties that are still under contract. Be sure
to include both sets of data, even if the appraiser elects to use only
closed sales.

It's also imperative that the comparable sales data be as detailed as
possible. Determine if there was a virtual tour for each of the
properties that you included in the comparable sales. If so, include a
link or any pictures that are available online. If the pictures are no
longer available, contact the listing agent to see if he or she can
provide them. The more data you give the appraiser, the less likely
you will be to have problems.

When prices are declining, appraisers tend to be very conservative.
Since the buyer generally pays for the appraisal, most lenders will
provide the buyer with a copy if asked. It's an excellent practice to
see what comparable sales were used in the appraisal. Sometimes,
out-of-area appraisers will select comparable sales that are in two
completely different market areas, even though they may be close to
each other geographically. There may be new comparable sales since the
appraisal was completed. If this is the case, submit the updated
comparable sales to the lender along with a letter explaining the
reasons the property should be appraised for more.

Bottom line: Avoid these hassles by making sure that the appraiser has
the best comparable sales available prior to making the appraisal.

Low appraisals kill sales in today's Real Estate market

Right comps can help seal deal

You have a property under contract, the buyer is preapproved, and the lender says, "Your buyer no longer qualifies for this loan." What do you do?

There has been a quantum shift in the mortgage market. A new credit crunch is making it more difficult even for even "A+" borrowers to obtain loan approval. The days of lax underwriting are gone. For the first time in many years, agents are hearing "no" even when their buyers may be highly qualified. The issue is how to avoid being turned down in the first place, and secondly, if the lender does turn down your qualified borrower, what you can do to keep the transaction together.

"A 'credit crunch' is a lender strike, and a bad one is a common initiator of recession: not just raising rates for risky deals, but choking off credit altogether."

Barnes reported in an earlier column that the regulators at Freddie Mac and Fannie Mae are tightening standards on "A" borrowers. Barnes' comment about a credit crunch seems to accurately portray what many borrowers are encountering all over the country. Buyers who would normally have no trouble closing are being subjected to a completely new set of underwriting standards in order to close what would normally be straightforward transactions. Based upon previous markets where prices were declining and foreclosures were increasing, here are some of the common challenges that you may encounter:

Please stay tuned for more details. Thank you!

Is no down payment for you (2)

There are even special courses that mortgage loan officers can spend
money on to learn how they work and how to present them to their
clients. Again, it can make for an impressive presentation and makes
the loan office appear to be more financially "savvy" than their
competitors.

I agree with the concept, but I couldn't disagree more with the
author's assertion that this program works for everybody, because two
key components of this mortgage strategy are:

1. No Money Down
2. Payment Option ARMs

Heard those terms lately? Lenders over the past couple of years have
pushed no money down loans as ways to get people into homes that
otherwise wouldn't qualify. Lenders also have pushed Payment Option
ARMs as a way to help people feel more comfortable with mortgage
payments each month.

As in 1 percent interest and negative amortization.

These books teach people to pay an interest-only payment or a low
"pay" rate of 1 percent or so instead of the fully-indexed payment
where part of the house payment goes to the principal and part goes to
interest. The difference between the interest only and a fully
amortized one should go to a mutual fund.

It works out okay if the stars are aligned correctly but sometimes
they aren't. As in right now. If people in fact put their money in a
liquid investment and if they get in trouble they can always tap into
that money to help out with bills and stuff.

But what if they don't have the discipline to do that each and every
month? And what if they have to pull some money out of their original
investment? Or worse, what if they never had an original investment in
the first place?

And what if they had to refinance to avoid a hybrid reset but couldn't
because ... (drum roll, please) ... there was no equity in the
property?

Using your mortgage as a financial planning tool is a good thing,
please don't get me wrong here. But this program is not for everybody
by any stretch. They're for those who follow the plan exactly. But for
those who can't, for whatever reason, could find themselves in some
trouble.

Is No Down Payment for You? (1)

Leveraging yourself by means of putting little or nothing down on your mortgage is not a new concept, but over the past couple of years it's morphed itself away from those who don't have any down payment money or for those qualified for a VA loan -- to those who have down payment money but don't want to use it.

They want to invest it instead in things such as stocks or mutual funds or something similar. Books touting this new idea seem to sprouting up like mushrooms, with perhaps the first relevant book on the topic was one written by Doug Andrew called, "Missed Fortune 101" (Business Plus 2005), and tells people how they shouldn't put anything down and provides a path to wealth. Doug says you can do this by taking the money you would have otherwise used as down payment and invest those same funds somewhere else.

There's even a formula that shows at what point a down payment-turned-investment would surpass the original mortgage in terms of value. It's a well-written book and makes a lot of sense. The math always works when you compare investing money and compound interest and such and had been so popular it has spawned other books just hitting bookshelves promoting the same idea just in different formats.

How much home can you afford? (2)

Let us assume that you have an annual household income, including interest and dividends, of $80,000, or $6,667 per month. Now let us suppose that you are interested in buying a home that costs $250,000. If you are able to put down 10 percent ($25,000), you will need a mortgage of $225,000. But will you be able to afford the payments? Let's do the math.

If you are approved for a 30-year fixed interest loan of $225,000 at 5.75 percent, your monthly payment, including interest, would be roughly $1,340. That is about 20 percent of your regular monthly income -- well under the 28 percent figure. If we assume your car payments and other recurring debt is around $800 per month, your total recurring monthly payments are $2,140 -- again, well under the 36 percent mark. You're in luck: you can afford the house.

There are plenty of online calculators that will help you determine how much you can afford to pay each month. But knowing ahead of time what you can afford to spend will make you a better-informed, smarter home and mortgage shopper.

How Much Home Can You Afford? (1)

Everyone enjoys browsing the real estate listings and circling the homes they would like to own. But it can get frustrating when you see some of the prices of homes today, particularly in or around major cities such as New York, Los Angeles or Boston.

Before you venture out and start looking at homes, you should try to get a reasonably good idea of how much home you can afford. This will be based on three primary factors:

1. How much money you have available for a down payment and for closing costs
2. The loan amount your lender will approve
3. How much you can spend on mortgage and interest payments

Typically, the down payment will be anywhere from 5 to 20 percent of the total purchase price of a home. Closing costs will generally run you somewhere between 2 and 6 percent. What Are Mortgage Loan Closing Costs?

When you apply for a mortgage, lenders will look at your credit reports, income, and various other factors before determining how much they will approve as a loan.

But it is the amount of your monthly payments, however, that will ultimately decide how much home you can afford. The general rule of thumb is that your mortgage payments should not exceed 28 percent of your income. Your entire debt-to-income ratio, which includes all recurring debt, including mortgage, car loan, and credit card payments, should not exceed 36 percent of your income. Find out more about Debt to Income Ratio for Mortgage Loans.

Home loan apps rise again

Large lenders likely getting bulk of business, MBA says

The number of mortgage applications grew last week despite a credit crunch currently impacting the lending industry, the Mortgage Bankers Association reported today.

The market composite index, which measures total home loan application volume, was up 3.4 percent last week on a seasonally adjusted basis from the week before. Leading the uptick in activity was the index that tracks loans for new purchases, which rose 3.9 percent during the period, followed by the refinance index, which increased 2.6 percent.

"Recent upheavals in the mortgage industry may be temporarily increasing the level of retail application activity at the large lenders that participate in the MBA survey rather than representing a systemwide increase," said Doug Duncan, MBA's chief economist and senior vice president of research and business development, in a statement.

The refinance share of mortgage activity remained unchanged last week at 39.9 percent of total applications, while the adjustable-rate mortgage (ARM) share decreased to 21 percent, according to MBA.

Average interest rates increased last week after a month of declines, according to MBA, with the rate on 30-year fixed-rate mortgages climbing to 6.45 percent from 6.41 percent, the 15-year fixed-rate rising to 6.19 percent from 6.16 percent, and the one-year ARM rate jumping to 5.81 percent from 5.69 percent.

Points, which are loan-processing fees expressed as a percent of the total loan amount, averaged 1.54 on the 30-year loans, 1.16 on the 15-year, and 1.11 on one-year ARMs. These points include the origination fee and are based on loan-to-value ratios of 80 percent.

The Mortgage Bankers Association survey covers approximately 50 percent of all U.S. retail residential mortgage originations, and has been conducted weekly since 1990. Respondents include mortgage bankers, commercial banks and thrifts.

Cecilia Realty

California June 2007 Home Sales

A total of 38,291 new and resale houses and condos were sold statewide last month. That's up 3.6 percent from 36,975 for May, and down 32.8 percent from 56,989 for June 2006. Last month's sales made for the slowest June since 1995 when 36,941 homes were sold. June sales from 1988 to 2007 range from 35,437 in 1993 to 76,669 in 2004. The average is 51,799. On a year-over-year basis, sales have declined the last 21 months.

The median price paid for a home last month was $479,000, down 1.0 percent from the record high of $484,000 for March, April and May. That was down 0.2 percent from $480,000 for June a year ago. The year-over-year decline in median was the first since January 1996 when the then-median of $146,000 was down 2.0 percent from $149,000 a year earlier.

The typical mortgage payment that home buyers committed themselves to paying last month was $2,319. That was up from $2,266 in May, and down from $2,372 for June a year ago, the current cycle's peak. Adjusted for inflation, mortgage payments are 10.1 percent above the spring 1989 peak of the prior real estate cycle.

DataQuick, a subsidiary of Vancouver-based MacDonald Dettwiler and Associates, monitors real estate activity nationwide and provides information to consumers, educational institutions, public agencies, lending institutions, title companies and industry analysts. The numbers cover all sales, new and resale, houses and condos.

Indicators of market distress continue to move in different directions. Financing with adjustable-rate mortgages has declined significantly. Foreclosure activity is rising, although foreclosure properties are not yet a drag home on home values in most markets. Down payment sizes are stable, flipping rates and non-owner occupied buying activity is down, DataQuick reported.

All Homes No Sold Jul-06 No Sold Jul-07 Pct. Chg Median Jul-06 Median Jul-07 Pct. Chg Los Angeles 8,844 6,809 -23.0% $520,000 $547,500 5.3% Orange 2,982 2,391 -19.8% $640,000 $640,000 0.0% Riverside 4,763 2,769 -41.9% $415,000 $399,000 -3.9% San Bernardino 3,500 2,008 -42.6% $366,500 $355,000 -3.1% San Diego 3,584 3,106 -13.3% $500,000 $489,000 -2.2% Ventura 941 784 -16.7% $614,000 $582,500 -5.1% SoCal 24,614 17,867 -27.4% $487,000 $505,000 3.7%

Cecilia Realty ( Hacienda Hts Land)

Hacienda Hts Land LP: $ 1,499,000

Parcel Size:	2.02 Acres

Property Description:
Builders, Developers Opportunist! This Is An Absolute Value! Only $150K Per Paper Lot With An Approved Tentative Tract Map (#54367). Sprawling 2 Acre, 10 Lot Subdivision Nestled In An Established Neighborhood With Mountain View In Unincorporated Area Of Hacienda Heights. Home Sites Range In Size From 6500 Sqr Ft. To 9500 Sqft. With Utilities At The Street. This Property Is Priced To Sell With The Lowest Priced Land Per Foot With Or Without A Map. Property Has Approximately 330 Feet Of Frontage

For more information, please contact Cecilia. Thank you!

Cecilia Realty

Increasing Seller's Property Value

Understand first of all that there IS a difference between price and value. Price is the amount you are asking for the property. Value is buyer perceived, and this perception of value is influenced by many factors such as location, features, condition, comparison to other purchase option, etc. By attending to details that can have a positive impact on the value, sellers can significantly increase their chance of attracting qualified buyers willing to pay the asking price.

Some tips to achieve a positive impact on value are:

• Perceived size impacts value, even more so than actual square footage. Open floor plans make a room feel bigger than larger spaces with smaller rooms. Showing property that is furniture free, or at reduced clutter, helps to make the space feel bigger.
• Vacancy increases sale-ability. Property is easier to show and easier to sell, and quicker to take possession of when it is vacant at the time it is offered for sale. Evidence of problems to take possession of the property -- such as encroachments, or tenants who wont allow buyer tours -- negatively impact value. Vacancy also helps the buyer walk through the property imagining ownership. Sellers should remove personal trinkets and family pictures as well as being conveniently absent during a buyer tour.
• Cosmetics are important.
  • Fresh paint will always add more value than it costs.
  • Clean or new carpet/flooring adds more value than it costs.
  • Landscaping adds more value than it costs. At the very minimum, make the entrance area neat.
  • If you can, add some colorful flowers and new sod.
• Take care of the obvious! The spot on the ceiling from the roof leak takes thousands of dollars from the perceived value and the offer price.
• Condition affects value. Do a seller's home inspection to identify and fix the problem BEFORE closing. No point holding up your check a few extra days; plus a failed buyer's inspection could cost you the sale. Buyers will often bargain down your asking price to accomodate for property condition and repairs.
• If you can, remodel/update the kitchen and master bathroom. These two areas have a big impact on home buying decisions.
• Strategic renovations impact value and your bottom line. Don't spend more money to renovate the place than you can recapture in value on the sales price.

Cecilia Realty (Rosemead Multifamily)

Price: $ 1,299,900
Price/Unit $ 129,990.00

Primary Type: Multifamily
Garden/Low-Rise
No. Units: 10
Building Size: 3,896SF
Lot Size: 9,100SF
Cap Rate: 6.62%
Year Built: 1961

Property Description:
Private Gated Apartment.Almost No Vacancy. Rent Is Below Market Price.Owner Take Care Of The Property Very Well. Newer Copper Plumbing (Yr 2006).New 4 Energy-Efficient Coin Dryers And Washers. New Commercial Water Heater. Newer Iron Gate, Newer Roof, Newer Vertical Blinds, Newer Paint,Newer Security Cameras & Monitor Systems...Very Convenient Location.Easy To Manage.
*Please Do Not Disturb Tenants. Drive By Only. Make Offer Subject To Interior Inspection.*

Financial Summary

Actual

Scheduled Gross Income:	$91,320
Studio x 6:	$47,880
1 Bed x 4:	$39,240
GSI:	$4,200
Operating Expenses:	$5,363
Insurance:	$1,616
Water/Sw:	$1,524
Trash:	$890
Gas:	$717
Total Expenses:	$5,363
Net Operating Income:	$86,057

Unit Mix Information

Studio

No. Units: 6 Avg. Mo. Rent: $665

1 Bedroom

No. Units: 4 Avg. Mo. Rent: $817

Debt & Equity Information No Debt & Equity Information Provided

Cecilia Realty (Hacienda Hts Multifamily)

Hacienda Heights Multifamily LP: 2,245,000

Primary Type:	Multifamily Duplex/Triplex/Fourplex
No. Units:	N/A
Building Size:	7,592 SF
Occupancy:	100.00%
Price:	$2,245,000
Cap Rate:	4.00%
Year Built:	1949

Property Description:
Pride of ownership, upside potential in rent and great owner/user investment.

Financial Summary Actual
Net Operating Income: $96,535

Cecilia Realty Corona 4 Units Condo Style

LP: $ 793,000

Status:	Closed Sale
Units:	4
Price/Unit:	$197,000
GSI:	$46,800
Total Bldg SQFT:	3,600

Year Built: 1970

Financial Analysis

Gross Sched Income:	$46,800	Operating Exp:	$5,400	Net Operating Income:	$41,400
Total Annual Op Exp:	$13,374			Monthly GSI:	$3,900
Sep Water Mtrs:	1	Sep Gas Meter:	1	Sep Electric Mtrs:	4
Total Pkng:	6	# of Garages:	0

Property Description:
Condo Style 4U.2Bd Rms,1.5 Bath W/Patio.Premiun Location,In The Heart Of Corona.Walking To Shopping Centers,Schools,Libary & All.Almost Totally Remodeled Recently,New Kitchen,Appliance,Carpet,Paint.Ez Access To 91, 71,15 Fwy.

Cecilia Realty

Fontana
Land LP: $1,980,000

Parcel Size: 4.5 Acres
Gross Equity: 2-5 Units / Acre
Distance to water: 15
Paved St. Yes


Property Description:
Excellent Developper's Property,19 Single Houses Have Been Approved By The City,All Archtect Plan Have Been Submitted,Almost Ready To Build.Seller Motivated.

Cecilia Realty

We know what you are Looking For

You are looking for a bubble proof real estate market. You're sick of wondering and worrying about overvalued markets. You're looking for an undervalued market with potential hyper-growth indicators.

Real estate investing and emerging trends in real estate growth We think we've found the market you're looking for. Forbes, the Wall Street Journal, Smart Money Magazine, Money Magazine, Business 2.0, Fortune and literally dozens of other industry sources are unanimous that the market we've found is the rare convergence of undervalued prices, tightening vacancy trends, explosive growth of retirement and other populations, a strong, growing, and diverse economy, massive new infrastructure changes: in short, virtually all the indicators of an emerging hyper-growth area. What's more, we think we've found an incredible value for individual real estate investors who want to own in this unique area. Where is this market? And what are we suggesting you may want to own? Read on, and we'll share our research, including sources, and our conclusions with you. You can decide for yourself. So we agree. The first rule of real estate investing is to buy in an undervalued market. How do you find it? How do you find the next real estate growth area? How do you know if a hot market is protected from a bursting real estate bubble? Where is the next location where the next hyper grown real estate value may occur? What indicators make a city one of the top real estate investment markets?

Successful investors understand that real estate is a game of probabilities, not certainties, and that is why you need to look for probabilities converging before you buy in an area. Taking action as an investor is the most important step. It is also the most difficult. Knowing that all the stars are lining up makes it that much easier. If they are not, don't pull the trigger.What elements and probabilities do you look for? 1. You look for an area of strong demographic growth 2. You look for a strong, growing, and diverse economy 3. You look for an area of growing retirement population 4. You look for new and substantial infrastructure changes 5. You only move into undervalued markets 6. You always acquire a property with strong potential for appreciation 7. You look for tightening vacancy trends 8. You always provide the rental renters prefer

So,I would appreciate having the opportunity to discuss this property with you if you are still interested in selling your property, please call me so that we can arrange a meeting to see how you can achieve your dream of wealth.

Cecilia Realty Shopping Center

West Covina Shopping Center LP: $3,575,000

Property Use Type:	Vacant/Owner-User
Primary Type:	Retail Free Standing Bldg
Building Size:	9,018 SF
Lot Size:	27,722 SF
Price:	$3,575,000
Price/SF:	$396.43
Year Built:	1985

•	Perfect for Owner/User or Investor	•
•	Rare Opportunity to Own Prime Property off of I-10	•

•	Outstanding Demographics Over 312,000 Cars View the Property per day • Excellent Visibility and Exposure

Property Description:
Perfect for Owner/User or Investor
Property Seen by Over 312,000 Cars Per Day on I-10 Freeway
Maximum Visibility & Exposure Free Advertising along I-10 Freeway
Total Lot Size:
27,722 sq . ft.
Building Size:
1st floor ±7,018 sq. ft.
2nd floor ±2,000 sq. ft.
Total ±9,018 sq. ft.
12' - 24' Ceilings in Some Areas
Includes Private Offices on 2nd Floor
Large Lot- 33 parking spaces
At Close of Escrow:
Vacant Building
OR
Possible Sale/Leaseback Opportunity for Short Term
Building in the Middle of Renovations
Strong Demographics: Over $63,000 within 1 mile radius and over 246,000 peope within 3 mile radius

Cecilia Realty Upland $255,000

Primary Type:	Retail Retail (Other)
Building Size:	756 SF
Price:	$255,000
Price/SF:	$337.30
Year Built:	1980

Property Description:
Zoned for Retail^Office^Commercial
Ground Floor Space
Attractive Interior
Extra Plumbing In Place
Large Parking Lot
Fed-Ex, UPS, U.S. Post Box, DHL All on site
Central Heat/Air HVAC
Good Signage
Established Address
Freeway Off-Ramp Identity on 10 Frwy and 60 Frwy

Additional Types:	Office-Business Park	Parking Ratio:	3 / 1,000 SF
	Strip Center

Financial Summary

Actual

Taxes: $2,700 Other Expenses: $210

Cecilia Realty

West Covina LP: $948,000

For Sale Active

Primary Type: Multifamily Duplex/Triplex/Fourplex No. Units: 4 Building Size: 4,050 SF Lot Size: 9,248 SF Occupancy: 100.00% Price: $948,000 Price/Unit: $237,000.00 Cap Rate: 4.06% Year Built: 1977

Financial Summary

Actual

Year: 2005 Scheduled Gross Income: $57,600 Vacancy: $0 Effective Gross Income: $57,600 Taxes: $4,977 Insurance: $1,108 Other Expenses: $5,498 Total Expenses: $11,583 Net Operating Income: $46,017

Unit Mix Information

3 bd/1.5 ba No. Units: 1 Avg. Mo. Rent: $1,500 2 bd/1.5 ba No. Units: 2 Avg. Mo. Rent: $1,000 2 bd/1.5 ba No. Units: 3 Avg. Mo. Rent: $1,100 2 bd/1.25 ba No. Units: 4 Avg. Mo. Rent: $1,200

Property Description:
Good Income Property. Built in 1977 all units have central air & heat, own laundry hook-up. All units have attached garage with new roll up door & opener. Unit 1,2,3 are townhouse style. Unit 4 is upstairs with own garage below. New copper plumbing (2006) throughout. New installed security lights on side & back yards. Newly painted (2005).

Cecilia Realty

Pomona, CA 91768 LP:$1,580,000

Property Use Type:	Investment
Primary Type:	Shopping Center Strip Center
GLA:	6,660 SF
Lot Size:	19,436 SF
Occupancy:	100.00%
Price:	$1,588,000
Price/SF:	$238.44
Cap Rate:	5.28%
Year Built:	1981

Major Tenant Information

Tenancy Type: Multiple pomona valley SF Occupied: 2,430 Lease Expires: 6/30/2010 dental office SF Occupied: 900 Lease Expires: 6/30/2007 beauty salon SF Occupied: 900 Lease Expires: 11/15/2011 nail shop SF Occupied: 900 Lease Expires: 7/31/2008 restaurant SF Occupied: 1,530 Lease Expires: 7/1/2007

Property Description:
6 units shopping center w/5 tenants including market,restaurant,dental office,beauty salon and nail shop.
approx 20-22 parking spaces in front of the property.

Cecilia Realty

Pomona, CA 91768 L/P: $1,800,000

GLA:	6,000 SF
Lot Size:	0.43 Acres

Price/SF:	$300.00
Year Built:	2006

A brand new retail building with 18 feet high ceiling in the cit of Pomona. This building is perfect for an owner/user or an investor.

Cecilia Realty

Increasing Seller's Property Value

Understand first of all that there IS a difference between price and value. Price is the amount you are asking for the property. Value is buyer perceived, and this perception of value is influenced by many factors such as location, features, condition, comparison to other purchase option, etc. By attending to details that can have a positive impact on the value, sellers can significantly increase their chance of attracting qualified buyers willing to pay the asking price.

Some tips to achieve a positive impact on value are:

• Perceived size impacts value, even more so than actual square footage. Open floor plans make a room feel bigger than larger spaces with smaller rooms. Showing property that is furniture free, or at reduced clutter, helps to make the space feel bigger.
• Vacancy increases sale-ability. Property is easier to show and easier to sell, and quicker to take possession of when it is vacant at the time it is offered for sale. Evidence of problems to take possession of the property -- such as encroachments, or tenants who wont allow buyer tours -- negatively impact value. Vacancy also helps the buyer walk through the property imagining ownership. Sellers should remove personal trinkets and family pictures as well as being conveniently absent during a buyer tour.
• Cosmetics are important.
  • Fresh paint will always add more value than it costs.
  • Clean or new carpet/flooring adds more value than it costs.
  • Landscaping adds more value than it costs. At the very minimum, make the entrance area neat.
  • If you can, add some colorful flowers and new sod.
• Take care of the obvious! The spot on the ceiling from the roof leak takes thousands of dollars from the perceived value and the offer price.
• Condition affects value. Do a seller's home inspection to identify and fix the problem BEFORE closing. No point holding up your check a few extra days; plus a failed buyer's inspection could cost you the sale. Buyers will often bargain down your asking price to accomodate for property condition and repairs.
• If you can, remodel/update the kitchen and master bathroom. These two areas have a big impact on home buying decisions.
• Strategic renovations impact value and your bottom line. Don't spend more money to renovate the place than you can recapture in value on the sales price.